Modifications to a structure of a stabilising expenditure rule in 2021

Abstract

This article is focused on an analysis of amendments introduced to Articles 112aa and 112d of the Public Finance Act which were adopted by Act of 11 August 2021 amending the Public Finance Act and certain other acts. At the beginning, a structure of the stabilising expenditure rule mechanism is briefly described. In this part of the text first-made changes are also outlined. Then, reasons for introducing subsequent amendments and form of each of these changes are thoroughly analysed. On this basis, conclusions are drawn as to the impact of the modification on the functioning of the stabilizing expenditure rule in the following years.